The victim of a phishing attack that resulted in a loss of 50 million USDT has officially filed a case and is offering a $1 million bounty for the vic...

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A victim of a 50 million USDT phishing attack has filed a formal case and is monitoring the attacker's wallet. They offered a $1 million bounty for returning 98% of the stolen assets within 48 hours, or else legal action will be pursued.

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phishing attackUSDT lossblockchain securitylaw enforcementwhite-hat bounty

According to Odaily Odaily, citing on-chain researcher Specter, the address that lost 50 million USDT to a phishing attack yesterday left a message on the blockchain indicating that a formal case has been opened. With the assistance of law enforcement agencies, cybersecurity organizations, and multiple blockchain protocols, a large amount of actionable intelligence has been collected regarding the attacker's activities. The wallet address controlled by the attacker is now under 24/7 monitoring.

Attackers were required to return 98% of the stolen assets to a designated address within 48 hours. In return, $1 million would be reserved as a white-hat bounty for discovering and disclosing vulnerabilities; however, this offer was contingent on the attackers' full and timely cooperation. Once the funds were returned, the victim would consider the matter closed and would not take any further action.

If cooperation is refused, the case will be escalated through legal and international law enforcement channels to identify the attackers and pursue criminal and civil liability.

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